Arbor Closes Two Fannie Mae DUS® ARM Loans Totaling $4.96M

UNIONDALE, NY (June 3, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $4,960,000 under the Fannie Mae DUS® ARM Loans product line.



These loans include:

Pinewood Apartments (bottom left photo) - Arlington, TX – 111-unit complex in the amount of $3,280,000. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 4.89 percent.

Waterford Apartments - Irving, TX – 64-unit complex in the amount of $1,680,000. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 4.89 percent.

The loan was originated by Matt Norman (top right photo), Vice President, in Arbor’s full-service Dallas, TX lending office.

“On both of these loans, Arbor was able to assist the borrower in converting from short-term, recourse, acquisition debt, to longer term perm debt at very attractive rates,” said Norman.

“The non-recourse component of the Fannie program really sealed the deal for this client.”

Contact: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, iprincipe@arbor.com



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Arbor Closes 5 Fannie Mae DUS® Loans Totaling $14M

Carousel Apartments in Dallas, TX Gets $7,492,700 Fannie Mae DUS® Loan

UNIONDALE, NY,Feb. 25, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $7,492,700 loan under the Fannie Mae DUS® product line to refinance four the 276-unit property known as Carousel Apartments in Dallas, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.70 percent.

The loan was originated by Bob Anderson, Director, in Arbor’s full-service Atlanta, GA lending office. “Arbor was able to provide a cash out refinance for an experienced borrower in the Dallas market, said Anderson. “Our underwriting team did a fantastic job in bringing this request to funding in 30 to meet the borrower’s time commitments.”

Texas, Louisiana, Oklahoma Properties Receive $6.6M Total Loans

UNIONDALE, NY- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of four (4) loans totaling $6,623,800 under the Fannie Mae DUS® product line. These loans include:

Amber Square, San Antonio, TX – 64-unit complex in the amount of $1,600,000 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

Pebble Beach Apartments, Universal City, TX – 61-unit complex in the amount of $1,339,800 under the Fannie Mae DUS® product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.11 percent.

South Park Apartments, Baton Rouge, LA – Refinance of a 56-unit complex in the amount of $1,500,000 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.33 percent.

Treetops Apartments, Broken Arrow, OK – Refinance of a 120-unit complex in the amount of $2,184,000 under the Fannie Mae DUS® Small Loan product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.83 percent.

The loans were originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Dallas, TX lending.

“Arbor utilized the Fannie DUS® line for four differing structures on the subject loans, illustrating the versatility of the product line,” said Porterfield. “Arbor’s team worked diligently on all of these deals to provide financing that helped each Borrower meet his or her specific goals.”

Contact: Ingrid Principe, 516 506 4298. FX 516 542 2555. iprincipe@arbor.com